Fort Myers Metro Area Leads Nation In Home Price Appreciation
The Fort Myers metropolitan area leads the nation in home price appreciation over the past year, with the median price rising almost 15%. After steady declines, U.S. home prices rose slightly in February and March in some major metro areas, according to CoreLogic and Trulia, two real estate data firms. Price gains have occurred in many [...]
NAR Economist Predicts 10% Home Price Gains For Naples Area In 2012
Speaking at the 2012 Naples Area Board Of Realtors Economic Summit, a leading economist predicted that Naples home prices may see double digit increases this year. National Association Of Realtors chief economist Lawrence Yun, speaking specifically about the Naples market during the current year, told those in attendance ” I would not be surprised with [...]
Southwest Florida Apartment Occupancy Rate Leads The State
The Ft. Myers-Naples metropolitan area leads the state with the highest occupancy rate for apartments at 94.2%. ALN, a Carrollton, Texas based company which tracks apartment rental data throughout the South reports that apartment occupancy grew in Southwest Florida by over 2% in the past year. During the same 12 months, average rent in the Ft. [...]
Florida Leads USA In Federally Backed Home Loans Delinquent For At Least One Year
Florida has more federally backed home loans that have gone unpaid for a year or longer than the total number of late government loans in every state except California. A report by the Federal Housing Finance Agency found that by the end of 2011, about 166,000 Florida mortgages backed by Fannie Mae or Freddie Mac [...]
Experts Predict Increased Demand Will Offset Increased Foreclosure Activity
Foreclosures are expected to pick up as soon as banks begin to clear their backlog of troubled loans – RealtyTrac is projecting a 25 percent increase in 2012. If an increase does occur, some housing experts wonder how it will impact overall home prices, and whether the discounts for REOs will be even larger this [...]